A new Axis Mutual Fund report indicates that gold and silver may extend their strong performance into 2026, supported by safe-haven flows, central-bank buying and robust industrial demand. Gold, which has rallied nearly 60 per cent this year, is expected to retain a positive bias, although higher real yields, a stronger dollar and firmer global growth could trigger corrections. Silver’s outlook is upbeat but valuations appear stretched, raising risks of ETF outflows and sharper volatility.

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